State Street and TCW have expanded their decades-long partnership that now includes the provision of middle office services. This engagement builds on and grows the existing services that State Street continues to provide TCW, including administrative and custody services to support TCW’s public and private fund complexes and capital for TCW’s alternatives platform. TCW will…
Category: Mandates
Kaleido appoints RBC
RBC Investor Services has been selected as custodian and fund accountant for Kaleido Growth Inc. and its IDEO+ registered education saving plans (RESPs) and legacy funds. This agreement marks the first between Kaleido Growth Inc. and RBCIS.
Waystone to service Avantis ETFs
Waystone, a European provider of specialist services to the global asset management industry, has been appointed as ManCo by American Century Investments for its first European ETFs. The two UCITS ETFs – Avantis Global Small Cap Value UCITS ETF and Avantis Global Equity UCITS ETF – have been launched under American Century’s quantitative investment unit,…
Apex wins in Japan
Apex has expanded its relationship with Integral Corporation, one of the largest Japan-based private equity managers. It will now provide fund administration services to Integral Fund V Series. Apex will now offer Cayman fund administration, Cayman regulatory reporting, tax reporting, board meetings for Fund II, III, IV and a number of investment vehicles.
AB appoints Evelyn as ACD
AllianceBernstein has appointed Evelyn Partners Fund Solutions as ACD for its UK OEIC range. The six funds were launched in 2019 and now hold assets in excess of USD1bn. EPFL currently supports over 150 funds with funds under governance of c. GBP10bn (USD13bn).
Coller expands with State Street
State Street has been appointed by Coller Capital to provide fund administration and accounting, custody, depositary services, currency management and transfer agency. Coller Capital is the largest independent investor dedicated exclusively to investing in the private capital secondaries market, with USD33bn AuM. The full-service appointment follows State Street’s initial work with Coller Capital on the…
Maples to support new DIFC fund
Maples has been appointed to provide fund administration services to the newly launched Amplify Growth Fund. The fund is domiciled in the Dubai International Financial Centre and is targeting USD100m in capital commitments from institutional investors.
BNP Paribas wins PE mandate
BNP Paribas has been mandated by PAI Partners, a private equity firm investing in companies in Europe and North America, to provide depositary bank services for its eighth fund, PAI Partners VIII, representing EUR7.1bn (USD8bn). This new mandate extends PAI Partners’ long-term relationship with BNP Paribas, which already includes global custody, depositary bank and transfer…
SEB expands with Broadridge
Skandinaviska Enskilda Banken AB (SEB) is deploying Broadridge’s international post-trade processing solution to simplify and streamline its securities business. SEB is a long-standing user of Broadridge’s front and middle office solutions for order management, trade execution and allocation.
BNP Paribas wins in Australia
BNP Paribas’ securities services business has been chosen by The University of Sydney Endowment Fund to provide custody and fund administration services. The University of Sydney is the oldest university in Australia and has been operating an endowment fund since 1997, with AUD4.4bn (USD3.0bn) currently of AuM. The fund sought a new provider following the…